Delta buys 20% of Latam

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09-26-2019, 03:53 PM

#11

Gunfighter

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Quote:

Originally Posted by Planetrain

CNBC reporting DL exiting GOL ownership stake.

Yes, the announcement said we are exiting our 9% stake in GOL as part of the LATAM deal.

09-26-2019, 03:53 PM

#12

Planetrain

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Qatar owns 10% of LATAM. Wonder how that is going to play out.

09-26-2019, 03:54 PM

#13

MJP27

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Quote:

Originally Posted by FogSkier

And depending on how many are coming in 2020 we need more pilots yesterday.

Yeah, with the addition of the 350s from this deal and the announced acceleration of A330 NEOs, me thinks the Nov/Dec AE will be pretty nice for WB positions. Potential for a lot of movement.

09-26-2019, 03:54 PM

#14

MongoC5

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will the 350's from Latam be -900 or -1000 series?

Mongo

09-26-2019, 03:55 PM

#15

MJP27

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Quote:

Originally Posted by Gunfighter

Yes, the announcement said we are exiting our 9% stake in GOL as part of the LATAM deal.

Do we get a refund?

09-26-2019, 04:00 PM

#16

Gunfighter

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Quote:

Originally Posted by Han Solo

Put all the 777s in LAX, put the new 350s in ATL, and split the remaining 350 options between DTW and ATL?

That's not happening. We need the 777 for ATL-JNB and JFK-BOM. There is less credit time using ATL crews vs LAX crews for JFK-BOM, so you know the logical outcome there. Just be glad we don't codeshare with Virgin Australia. That would be the death of the LAX 777 base.

09-26-2019, 04:02 PM

#17

Gunfighter

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Quote:

Originally Posted by MJP27

Yeah, with the addition of the 350s from this deal and the announced acceleration of A330 NEOs, me thinks the Nov/Dec AE will be pretty nice for WB positions. Potential for a lot of movement.

The Spring 2020 AE would be the soonest AE to watch for. It will be as long as two years to approve the LATAM deal. We may see a few aircraft before then, but the delivery slots start in 2020.

09-26-2019, 04:06 PM

#18

tunes

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Quote:

Originally Posted by Trip7

Well that puts a quick end to 2 negative narratives on the forums:

1. Delta is JVing everything and doesn't want to grow Int'l

2. Delta is not happy with the 350

The Renaissance is officially in full swing

Sent from my SM-G975U1 using Tapatalk

I think it's more of they got the airplanes cheap enough to overlook the things they aren't happy with.

09-26-2019, 04:06 PM

#19

Gunfighter

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Quote:

Originally Posted by MJP27

Do we get a refund?

We don't want a refund, we want to sell it. Even after the 10% haircut GOL took in after hours trading, GOL stock is up 300% from July of 2015 when we acquired our stake. We will likely make a profit as we exit our stake. Just go ahead and add it to my check on 2/14.

09-26-2019, 04:08 PM

#20

tennisguru

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Quote:

Originally Posted by Gunfighter

The NOV/DEC 2021 AE will be the one to watch for. It will be as long as two years to approve the LATAM deal. I would expect it to take at least that long before we see the A350s.

I read it that we will be taking at least some of the 350s even before all the final signoffs by the government, but I could be wrong.